Guideline Value

Corporate

Guideline Value for E.T.S. Nagar

₹1102/sq.ft.

The guideline value for E.t.s. Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹51 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹497 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on E.t.s. Nagar

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E.T.S. Nagar guideline value

The current guideline value for E.T.S. Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of E.T.S. Nagar has changed

The guideline value of E.T.S. Nagar has undergone several revisions over the years. In 2002, the value was Rs 497 per sq.ft, which increased to Rs 51 per sq.ft in 2003. The subsequent revisions saw a significant rise, with the value reaching Rs 200 per sq.ft in 2007, followed by Rs 700 per sq.ft in 2012. The 2017 revision marked a substantial increase to Rs 469 per sq.ft, and by 2023, it had risen to Rs 1,000 per sq.ft.

The most recent revision in 2024 saw the guideline value increase by 10% to Rs 1,102 per sq.ft. Notably, the increase from 2017 to 2023 was 113%, while the jump from 2007 to 2012 was 250%. Overall, from 2002 to 2024, the guideline value has increased by 122%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, which is equal to the current value for E.T.S. Nagar.

Stamp duty and registration fee for property in E.T.S. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total cost for stamp duty and registration fees to Rs 99,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.T.S. Nagar?

The Sub Registrar Office that covers E.T.S. Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Puzhal

The guideline value plays a crucial role during the registration of property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value for E.T.S. Nagar?

The current guideline value for E.T.S. Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 497 per sq.ft in 2002 and reaching Rs 1,102 per sq.ft in 2024. The most notable increases occurred between 2017 and 2023, with a rise of 113%.

What are the stamp duty and registration fees for property in E.T.S. Nagar?

For a property valued at the current guideline value of Rs 11,02,000, the stamp duty would be Rs 77,140 and the registration fee would be Rs 22,040, totaling Rs 99,180.

Which Sub Registrar Office covers E.T.S. Nagar?

The Redhills Sub Registrar Office covers E.T.S. Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used to calculate the applicable duties and fees.